12-Unit Townhouse-Style Apartment
For Sale
$2,600,000
646 E 1700 S, Salt Lake City, UT 84105
Three buildings on one parcel provide a consistent two-bedroom, one-and-a-half-bath layout.
Property Size2 SF
Price / SF$215.80
Days on Market8
Property Features for 646 E 1700 S
General Information
Standard status
Active
Size
2 SF
Total Parking Spaces
22
Property subtype
> 4 Units
Units
Unit Mix
12 x 2BR/1.5BA
Multifamily Units
12
Amenities
washer/dryer hookups
central heating and A/C
individual HVAC
Building Details
Building Size
2 SF
Year Built
1979
Buildings
3
Listing Agency:
Investment Realty Advisors LLC
(435) 485-7070
Listed By:
Porter Criddle
(801) 694-5291
Source:
Liftrealty
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 7:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Investment Realty Advisors LLC
Investment Insights
Based on property information with market context.
The 12-unit property at 646 E 1700 S in Salt Lake City comprises three four-unit buildings on one parcel. Built in 1979, it offers townhouse-style residences with two bedrooms, one-and-a-half bathrooms, and approximately 1,004 square feet per unit. Each residence has central heating and air conditioning, along with washer and dryer hookups.
The site includes 22 off-street parking stalls. The consistent unit configuration and building arrangement define the property’s physical profile.
The site includes 22 off-street parking stalls. The consistent unit configuration and building arrangement define the property’s physical profile.
Key Highlights
- 12 units across three four‑unit buildings on one parcel
- Townhouse‑style units with 2 bedrooms, 1.5 bathrooms, and approximately 1,004 square feet each
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,256
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,985,120
$3.0M
Cap Rate 7%
$2,132,229
$2.1M
Cap Rate 9%
$1,658,400
$1.7M
Market Conditions
NOI Build-Up for 12,048 SF
Gross rent
$286.3K $23.76/SF
− Vacancy
−$14.9K −$1.24/SF
EGI
$271.4K $22.52/SF
− OpEx
−$122.1K −$10.14/SF
NOI
$149.3K $12.39/SF
Area
Salt Lake City, UT
Vacancy
5.20%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,985,120
Cap Rate 7%
$2,132,229
Cap Rate 9%
$1,658,400
Alternative Uses
Best Use
Apartment 5plus
$2.13M
$1.87M – $2.49M
NOI $149,256 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,213 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 84105, UT
22,856
Population
10,953
Households
2.1
Avg Household Size
35
Median Age
66%
College-Educated
97%
High-School Grad
3.1 sq mi
ZIP Area
7,373
Density / Sq Mi
$94,145
Median Household Income
$52,785
Median Earnings
$1,482
Median Rent
$632,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings on one parcel provide a consistent two-bedroom, one-and-a-half-bath layout.
Where is this apartment building located?
The property is located at 646 E 1700 S Salt Lake City, UT.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 12 units across three four‑unit buildings on one parcel; Townhouse‑style units with 2 bedrooms, 1.5 bathrooms, and approximately 1,004 square feet each; Built in 1979
